If a heavy highway vehicle is registered in your name, mark August 31 on your calendar. That's the deadline to file Form 2290, Heavy Highway Vehicle Use Tax Return. Here are a few other things to remember about this form: The heavy highway vehicle use tax applies to highway motor vehicles with a taxable gross weight [...]
Students and others often get part-time and seasonal jobs to earn extra money or to save for later. But many people don't realize that they may have to report and pay taxes on their income. When you start a job, you need to fill out a Form W-4, which is an Employee's Withholding Certificate. Your employer [...]
Income taxes are a pay-as-you-go system. That means you pay your taxes as you earn income during the year. Either your employer withholds taxes from your pay, or you pay quarterly estimated taxes on your own. If you have income that’s not subject to withholding, you may need to make quarterly payments. This includes income such [...]
This article was published by the IRS. Understanding Crowdfunding Crowdfunding is a method of raising money through websites by soliciting contributions from a large number of people. The contributions may be solicited to fund businesses, for charitable donations, or for gifts. In some cases, the money raised through crowdfunding is solicited by crowdfunding organizers on behalf [...]
This article was published by the IRS. A few minutes spent reviewing income tax withholding earlier in the year helps set a taxpayer up for success all year long. The Tax Withholding Estimator on IRS.gov makes it easy to figure out how much to withhold. This online tool helps employees withhold the correct amount of tax [...]
